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UK retailer Debenhams to be liquidated

London - Will continue to seek offers for all or parts of the business.

Published: Tue 1 Dec 2020, 1:50 PM

  • By
  • Reuters

British department store retailer Debenhams is to be liquidated after failing to find a buyer, administrators FRP Advisory said on Tuesday.

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It said it would start a wind-down of Debenhams, whilst continuing to seek offers for all or parts of the business.

The collapse of Debenhams, which trades from 124 UK stores and employs 12,000, came a day after Philip Green's Arcadia fashion group entered administration, threatening about 13,000 jobs.



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